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250,000 Couples Will Receive Stimulus Checks
When rebate checks were distributed to Americans this Summer the IRS only cut checks to citizens whose names and social security numbers matched. The IRS recently announced they would be issuing overdue checks to 250,000 couples that qualified for the stimulus but were overlooked because of mismatched names and social security numbers.
If one person decides to change their name after marriage, the change should be reported to the Social Security Administration so their social security number matches the new legal name.
Do You Know What Is Normal Retirement Age?
It may seem like a faraway reality unless you plan on retiring young, but retirement issues affect us all today because of the Social Security system in the US. The Social Security Administration has admitted that young workers won't be able to count on our less-than-minimum-wage benefits through retirement, and there's some discussion about whether or not it makes sense to raise the retirement age.
Do you know how old you must be in order to receive full Social Security benefits during retirement?
Social Security Benefits in 2041 Below Minimum Wage Income
If you haven't already been convinced that committing to retirement savings isn't really up for argument, consider these statements from the Social Security Administration. The average monthly benefit in June 2008 was $1,084.47, but in 2041 Social Security will only be able to pay 78 percent of scheduled benefits. The Motley Fool has calculated the inflation-adjusted equivalent to be $845.89 per month.
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The Most Basic Way to Protect Against Identity Theft
Everyday folks aren't armed with the high-tech equipment to battle elaborate identity theft schemers, but we do have one thing going for us — our common sense. Setting up various, unpredictable passwords for your online accounts is one way to guard yourself, and we can thank Mrs. Federal Reserve Chairman for demonstrating another basic lesson.
Ben Bernanke's checking account was one of hundreds that was wrapped up in an identity theft ring after his wife Anna's purse was stolen at a Starbucks.
The 10 Best Paid Cities in the World
There's more to purchasing power than the gross number on your paycheck. Nobody knows that better than residents of Copenhagen, who earn more before taxes on average than any other city in the world. However, after accounting for taxes, hours worked, social security contributions, transportation, and the cost of groceries and household items, workers in Copenhagen have weaker purchasing power compared to cities where the average gross pay is less.
How to Keep Track of Your Credit For Free
Most lenders use your FICO scores to determine your credit worthiness, but typically it costs you money to retrieve your own score. You have three FICO scores (one from each major credit bureau) based on the information each bureau keeps on file about you. If you don't want to shell out cash every time you have the urge to check your score, there's a solution for you.
Identity Scammers Targeting Online Job Seekers
An internal red flag should go up whenever you're asked to provide your social security number. Always ask yourself why the person would need your SSN for their purposes. Sure, it makes sense for a credit card carrier to ask for the number to verify your identity.
President Obama Discloses His Personal Finances
For all of the security it takes to protect the president and his family, the Obamas don't exactly get much privacy. A disclosure of President Obama's personal finances was released on Friday, making it clear he's a pretty conservative investor, his daughters' educations are a priority, and he's got enough cash for a rainy day. The numbers were provided with pretty big ranges, but here's a peek inside Obama's finances.
New Book Says We'll Have to Work Longer and Retire Later
This Sunday's New York Times featured an intriguing look at a new book, Working Longer: The Solution to the Retirement Income Challenge by Alicia H. Munnell and Steven A. Sass.
How to Freeze Your Credit Report
Yesterday I suggested that freezing your credit report could be an option for anyone who wants to play offense with identity thieves, and won't be in the market for any new credit in the near future (including shopping for a new cell phone or utility service). If you've been a victim of identity theft freezing your credit report won't cost you any money, but if you've come this far without having your identity stolen than freezing your credit report comes with a fee. Why do you have to pay for the freeze?
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